Category: Property News

Private home prices in Singapore are unlikely to stage a rapid rebound after the Government imposed further property curbs in mid-2018, the finance chief of the country’s largest developer said. “If we see a 5 per cent increase in home prices, I think that will be a pretty good year for the Singapore residential market,”[…]

A pair of adjoining three-storey conservation commercial shophouses in Club Street are up for sale. The 999-year units near Chinatown have a combined land area of 2,387 sq ft and floor area of 6,208 sq ft. Foreigners can buy the properties, which do not attract additional buyer’s stamp duty. Mr Shaun Poh, Cushman & Wakefield’s[…]

Minister notes industry has had bitter medicine but says progress is made by being resolute Finance Minister Heng Swee Keat has seen financial meltdowns in his time, so his warning that “when you have a period of euphoria, you end up with a very hard landing that you can call a crisis” carried some weight[…]

Some of Singapore’s most desirable houses come with a catch: Only locals can own them. That foreign buyers – notably from China – who for years helped drive demand for luxury homes, cannot buy these dwellings has not dented their appeal. Their scarcity and the exclusivity they confer have pushed prices of these homes –[…]

After two years of selling women’s clothing online through their business Mini House, Mr Adrian Tan, 38, and his wife Tran Vu Yen Vy, 34, seized the chance to open a physical store when they secured a good deal on the rent. They live next to new mall and neighbourhood centre Oasis Terraces in Punggol[…]

Centre in Punggol developed by HDB after taking in residents’ feedback The first of a new generation of neighbourhood malls, developed by the Housing Board with the feedback of residents, has opened in Punggol. Oasis Terraces, a seven-storey mall next to Oasis LRT station, has more open spaces for people to gather and a tenant[…]

Industry players cite post-festive Christmas lethargy and earlier CNY as reasons for fall in demand The post-festive Christmas lethargy and the prospect of an earlier Chinese New Year hit home sales in January. Developers sold 433 homes in the month, down 17.8 per cent on the 527 moved in January last year, and 28 per[…]

A batch of six adjoining and refurbished strata offices at International Plaza in Tanjong Pagar is up for sale with a guide price of $11.97 million. The offices are available on a sale and leaseback scheme with immediate annual gross rental yield of 4.2 per cent for at least five years, said marketing agent Colliers[…]

The first Housing Board sales exercise this year includes two projects in Kallang/Whampoa, which experts expect to be popular despite having prices that are just shy of those of resale flats in the area. A new four-room flat in the mature estate costs $598,000 on average, only 7.4 per cent cheaper than the average price[…]

The upcoming launch of The Florence Residences – a mega project with more than 1,000 units – will likely set the tone for other developments heading to the market this year, some analysts say. Between 400 and 500 units are expected to be released on March 2, depending on interest at the preview this weekend,[…]

Most bought smaller units with govt grants in past 6 years For five years, delivery driver Mohammad Suhaimi Junaini, his wife and their two daughters aged six and two called a rental flat in Telok Blangah home. Last September, the 32-year-old and his family moved to a three-room flat in Jurong West. Mr Suhaimi, who[…]

With last July’s property cooling measures in mind, the owners of Spanish Village in Farrer Road have put the freehold private estate up for sale en bloc again, while working to lower the reserve price – just like two other collective sale relaunches so far this year. “Despite the cooling measures introduced last year, the[…]